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Block Party: All of Detroit's Chinatown Now Asks $500K

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Vacant for 14 years, the building once home to Chung's Seafood is continues dramatically chopping its asking price, which now stands at $250K. A cheap Chung's is not the only news in Chinatown, however. Just across Peterboro Street, the former home of Mantra recently jumped into the fray, asking an identical $250K of its own. In short, all of Chinatown can be yours for $500K. Both buildings have over 8,000 square feet, and their spot on Peterboro Street has especially wide sidewalks and big trees. Will the proposed Red Wings arena a few blocks south kickstart some development?
· Chinatown's Ask Has Dropped $185,000 Since November [Curbed]
· Former Chinatown Restaurant Chops $85K From Asking Price [Curbed]
· Detroit's Former Chinatown Is Real Estate For The Brave [Curbed]